Hideaway, Smith County, Texas Property Taxes
Median Hideaway, TX effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Hideaway, TX home value: $340,094
Median annual Hideaway, TX tax bill: $4,188, $1,788 higher than the national median property tax bill of $2,400.
How are property taxes in Smith County calculated?
Property taxes in Hideaway, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hideaway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hideaway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hideaway, Smith County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$4,081
$3,787
$1,102
Average Tax Savings
Property Tax Rates Across Hideaway, Smith County, Texas
Local government entities in Texas set property tax rates, which can vary widely within the state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Hideaway, located in Smith County, the effective property tax rate is 1.20%, which is slightly above the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates in the area, both recorded at 1.20% in the 75771 zip code. Compared to other cities in Texas, Hideaway's rate aligns with the state median, reflecting a balanced approach to property taxation. This means that property owners in Hideaway may experience tax bills that are slightly higher than the national median property tax bill of $2400, depending on their property's assessed value. Understanding these rates can help property owners better anticipate their annual tax obligations and explore potential avenues for appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hideaway Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Smith County Tax Rate
1.53%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hideaway, Smith County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | 1.06% | 1.11% | 1.20% | 1.49% | 1.49% |
Source: Ownwell
$1,102
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Hideaway, Smith County, Texas
When examining property taxes in Hideaway, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Smith County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Smith County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hideaway.
For example, the median home price in Hideaway is $340,094, with tax bills ranging significantly across the county. Zip code 75771 has the highest median home price at $340,094.
Property Tax Assessment Values Across Hideaway, Smith County, Texas
Source: Ownwell
$54,486
$197,290
$340,094
Median Hideaway Market Value
$340,094
Median Smith County Market Value
$202,951
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hideaway, Smith County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | $207,085 | $267,204 | $340,094 | $462,057 | $626,120 |
Source: Ownwell
$1,102
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Hideaway, Smith County, Texas
In Hideaway, located in Smith County, TX, property tax bills are calculated based on the assessed value of a home, which reflects the market value. With a median home price of $340,094, the property tax rate in this area significantly impacts homeowners. The tax bill can range from the 25th percentile at $3,201 to the 90th percentile at $7,961, indicating a wide variance based on property value and applicable exemptions. Notably, the median property tax bill in Hideaway stands at $4,188, which is above the national median of $2,400, highlighting the substantial tax burden on homeowners in this region.
Factors such as local government budgets and school funding needs also influence the tax rate. High property taxes can strain homeowners, making it essential to explore ways to reduce this financial burden. Ownwell offers expert property tax appeal services, helping homeowners potentially lower their tax bills by ensuring their property is fairly assessed. By leveraging local market insights and tax regulations, Ownwell can assist homeowners in Hideaway in achieving significant savings on their property taxes.
Median Hideaway Tax Bill
$4,188
Median Smith County Tax Bill
$2,997
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Hideaway, Smith County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75771 | $2,475 | $3,201 | $4,188 | $5,892 | $7,961 |
Source: Ownwell
$1,102
Average Hideaway Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | January 31 |
Links | |
|---|---|
| Smith Appraisal District | |
| Phone | (903) 510-8600 |
| Website | www.smithcad.org |
Save money on your property taxes with Ownwell
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.